Desjardins upgraded shares of Empire (OTCMKTS:EMLAF) from a hold rating to a buy rating in a report published on Friday morning, Automated Import reports.

Shares of Empire stock opened at $26.88 on Friday. Empire has a 12-month low of $18.69 and a 12-month high of $28.06. The company’s 50-day moving average price is $26.34 and its 200-day moving average price is $25.90.

Empire Company Profile

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.

Further Reading: Trading based on a resistance level

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